Hello everyone! Today, we continue to see gold trading around the crucial psychological level of $2300. This movement was anticipated as gold approached the $2300 level to gather new momentum from this support zone. However, following the latest announcements from the Federal Reserve (Fed), gold has lost much of its previous drive, leading to a significant...
By analyzing the #gold chart on the 2-hour timeframe, we observe that after the PPI news was announced yesterday, gold initially experienced a price surge. It climbed to $2327 before encountering selling pressure, leading to a correction of over 320 pips down to $2295. As previously mentioned, the $2295 to $2303 range was a significant demand zone, and the price...
BTCUSDT has experienced a decline following a double top pattern, breaking through the crucial support level at $67,600 – just as I had anticipated earlier. Given this scenario, BTCUSDT could potentially continue its descent towards the next target of $61,000. Trading Idea: This is my personal take on BTCUSDT’s current trend. I encourage you to share your own...
1. Gold’s Performance on Thursday Gold (XAU/USD) ended Thursday in the red after four days of gains. Despite this drop, it stayed strong just below the $2300 mark and remained stable above it during the Asian trading session on Frid 2. Impact of the Federal Reserve Significant price increases for gold seem unlikely at the moment. The Federal Reserve’s...
Hello everyone! What do you think, where will gold close today? In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300. Looking at the 1-hour chart,...
Today's market action in BTCUSD has us wondering: should we be buyers or sellers? Let's dive into the current scenario: Bearish Control Continues: On the charts, the bears have a firm grip on BTCUSD, with the price hovering near the $67,000 level. The recent slide below the 34-day and 89-day EMAs indicates that selling pressure remains dominant. Strategic...
Dear traders! From the chart, BTCUSD confirms that the double top pattern has formed and that the short-term bearish trend is dominant (by the 34.89 exponential moving average reversing in line with the resistance level of 68,000 USD), actively defended by sellers on the wave of correction and sell-off. Currently, we can see BTC falling to the support level of...
Dear traders! It's time to buy gold. The BB indicator is narrowing in a downtrend, and it seems that sellers cannot break the support. A recovery candle has formed from the BB limit. Therefore, buy target up to 2335 USD.
Dear traders! Overall, BTC today has a narrowing downtrend that is gradually forming above H4 protected by the immediate resistance mark at 70,000 USD. But in light of buyers gaining good near-term traction that can be seen on the setup against 66,000, I expect BTCUSDT to rise to resistance before falling further to the indicated level. Hope you like this idea....
Notcoin(NOT) is moving near the Resistance zone . In terms of Classic Technical Analysis , Notcoin(NOT) has succeeded in breaking the upper line of the Falling Wedge Pattern . According to the Elliott wave theory , Notcoin(NOT) has successfully completed the Triple Three Correction(WXYXZ) inside the Falling Wedge Pattern. I expect Notcoin(NOT) to at...
Dear traders. Time to buy EURUSD with strong buyer interest around 1.0720 - 1.0700 area (Due to signs of BB narrowing in a downtrend) Accordingly, the previous price liquidity is still very large So it would make more sense to buy EURUSD and target 1.0865 for a major bull strike (if EURUSD breaks 1.0700 the market structure will change) Manage 2% for account...
Gold prices today continue to face downward pressure, currently trading around $2314 , losing 0.45% for the day with a drop of over 100 pips during the early Asian trading session. Despite a strong rally last night that pushed gold close to $2350, the precious metal couldn't maintain its recovery. This was despite the U.S. Dollar weakening after the U.S....
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!
Hello traders! 👋 As we approach the end of the trading week, EURUSD remains in the red on this Friday, currently hovering around the 1.071 mark. The outlook remains bearish as the pair continues to trade within a tightening wedge pattern, and both the EMA 34 and EMA 89 are favoring the sellers. Key Observations: Current Level: EURUSD is trading near 1.071,...
Yesterday, the price fell to the 65900-63500 range I predicted and then rebounded, but it has not yet broken through the important resistance level of 67200. Today's price trend is still unclear, and the market volatility is still small. At present, the focus is on the 67200 resistance level and the 65900 upper support level. If the price breaks through 67200, the...
Hello everyone! Overall, EUR/USD saw renewed selling pressure during the European session to close at 1.0700 as the barrier from expanding US dollar strength combined with impending political instability in the EU exerted downward pressure live price for this currency pair. However, in the short term a recovery is possible from the channel with support from...
The overall price of gold has decreased by -0.67% in the last 24 hours, corresponding to a decrease of -15.54 USD/Ounce. Gold prices continue to decline after the Federal Reserve's announcement of a one-time interest rate cut this year, as inflation remains below the 2% target. This decrease may reflect profit-taking by investors after a recent uptrend in...
Hello wonderful friends! On the H1 chart, although the downtrend remains dominant amid the correction and sell-off, there are signs of a potential bottom forming at 2295. Current resistance is around $2325 . If this level is breached, it could push gold higher, potentially reaching $2,335, coinciding with a test of gold's local high. What do you think? Do you...